tv BBC World News WHUT April 27, 2010 7:00am-7:30am EDT
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>> this is "gmt." the spotlight on goldman sachs. lloyd bling fine is due to appear before a -- blankfein is due to appear in washington. the visit to paris for the panamanian dictator who has been extradited on money laundering charges. legislators vote to close the recent black sea naval base. legislators in iran disqualify more candidates that took part in the election and this uncertainty is leading to more violence. one year after pakistan's military push one-quarter of a
million people are still homeless. hello, welcome to "gmt." the battle between wall street and washington intensify as today. top executives from goldman sachs are being grilled by u.s. lawmakers as allegations mount. senate investigators say that the world's leading investment bank made big profits after betting against the american housing market. they released internal e-mails and goldman is fighting back as michele reports from new york. >> lloyd glenn time runs -- blankfein runs goldman sachs, the bank at the center of fraud allegations. they manage risk so well that
they've made money over their rivals during the financial crisis. at the time they were praised. now they are being asked to defend their actions. >> they are the poster child on wall street for greed, access, and shenanigans. fair or not. and they were not the only bank doing it but they were the ones that grab the biggest headlines. >> goldman profited while the market dropped. taking many of their clients with it. not to mention the damage that was done to the u.s. economy. >> senator carl levin flames the banks for making the problem worse. he addressed an e-mail that they wrote as the housing market crash. the ceo said that they made more than they lost because the shorts. the practice of bedding and investment will lose value.
a new poll shows that two out of three americans want more regulation on wall street. did the banks put their interests ahead of their clients? expect lloyd blinankfein to push back card. >> let's look into it with more detail. how is goldman sachs supposed to have done this? >> let me try to put this into a natural. the bank is being accused of not telling the cut -- customers that the investments were put together by a hedge fund client of the bank that were betting that things would fail. one bank was giving advice to customers while the other was
betting against the same advice. in many practices this is quite normal that a bank. especially with these monstrous banks. the problem in this situation is that the accusations are pointing at one person that they believe played both sides of the fence. >> so, that is the area where they will have to defend themselves. >> boyd klang fine has been saying all along that they have done nothing wrong. that the bank relies on the trust of their clients. he also says take a look at what we lost during the u.s. housing meltdown. if you ask any banking expert they will tell you is a lot that they lost but a lot less than what the other banks lost. what the sec will want to find out is if the banks communicated
what they were doing to the investors and did they give banks opportunities the pullout. >> thank you for clarifying. now for the rest of the day's headlines is over to david. >> punches have been thrown along with aids and smoke bombs in the ukrainian parliament as the government ratified a deal with russia. the controversial deal was signed last week by the president of uk and russia, forming the division's as thousands of protesters have gathered. we have the report from moscow. >> somewhere underneath these umbrellas the speaker of the ukrainian parliament is trying to call a vote on extending the lease to the russian black sea fleet. a hail of eggs splatters down
from above hurled by opposition lawmakers and suddenly the chamber begins to fill with smoke. opposition members each year and scuttles break out as they try to unfurl a giant ukrainian flag. the issue at stake is deep and emotional and divides ukraine down the middle. last week their new pro-moscow president signed a deal with the russian president, extending russia's lease on about -- on the black sea port. since the end of the cold war they have continued to keep their fleet in this court but the lease was due to run out in seven years' time. in return for allowing the ships to stay ukraine would get cheap russian gas for years to come. when ukrainian nationalists see
it as a betrayal they want to break their dependence on moscow. the hundreds that have gathered to protest see the bill as moving ukraine backwards into the of -- into the embrace of russia. >> after two decades in theamern custody, many el noriega has been extradited to -- well noriega has been extradited to -- manuel noriega has been extradited to paris. >> his final moments on u.s. soil. the former strongman and allied to the u.s. is move from a car and onto a flight bound for france. there he will stand trial, facing charges.
he has already been found guilty in absentia. his lawyer was still surprised. >> we have had no official recognition whatsoever. you folks tell us that he is on a plane to france as we speak. i am surprised they did not simply drag him out in the middle of the night. >> accused of abusing his position of power, he was forced from power in 1990. while in miami he was tried and found guilty of drug trafficking, racketeering, and conspiracy. >> i believe that this is a decision for the u.s. government. he committed many illegal acts and some panamanians think that he should serve time here.
>> by last night he had spent almost two decades in u.s. custody. 17 of those in an american self. now the former military leader faces spending his final years in a french prison. >> satellite images show that the oil spill from the gulf of mexico has spread by 50% in one day. officials were sent on thursday after a massive explosion that is presumed to have left 11 men dead. they are attempting to shut off and under water well of oil. the australian government has shelved plans for the centerpiece of their environmental strategy, representing what they have
called their greatest moral challenge at the time. police in italy say they have captured a single member of one of the country's most wanted mafia clans. he had been on the run for 17 years and tried in absentia for crimes, including murder. we have breaking news from ford, saying that they earned $2.1 billion in the first quarter of this year. another sign that the global economy is improving as people spend more money on expensive items like cars. they said that they made money in asia, latin america, and europe.
their sales grew 37% for the quarter. >> the devastation and the airline industry after though -- eruption of the icelandic volcano could be as much as $3.3 billion. they said that there might be a case for state aid to support airlines and they have promised a review of how stranded passengers are treated. dominic's use was at the briefing and joins me live from brussels now. dominick, is this a concession to the airlines saying that they will reveal this as state aid? >> i think that there have been howls of protest from the airline, both that they have not been offered state aid until now and that they have had to comply
with european union compensation, passengers that were delayed, having their bills paid for and so forth. on the issue of state aid the commissioner responsible for transport said quite clearly that there could be a case for state aid but it would have to be relevant to the crisis. it could not be used to prop up already ailing airlines. and there would have to be a level playing field across the european union. it does look as though he has opened the door to some kind of state aid, yes. >> thousands of passengers did not even get to where they were supposed to be. >> that is right. we are still getting reports of people stuck in south africa, the far east, even egypt.
there is still a bit of a backlog and the european commission outlined a number of temporary measures that could get the air late -- airline back on schedule. such as easing restrictions on night flying. >> thank you very much. this is "gmt." coming up, one year after conflict forced them from their homes, one quarter of a million pakistani is are still living in refugee camps. big demonstrations in spain for a spanish judge accused of over reaching his power. he is famous for ordering the arrest of a chilean dictator, but he is now under suspicion himself from several right-wing groups in spain.
wendy has this report. >> to some he is a crusading campaigner responsible for trying to bring dictators to justice. for others he is simply a soft publicist. he has a shock to many. in chile the women whose relatives disappeared are angry that someone who supported human rights is now under investigation. >> we have come to demonstrate to the spanish ambassador our fear and rejection over what is going on here. the point -- the persecution that the judge is facing today. >> responsible for issuing an arrest warrant of the former military ruler of chile, he was also behind europe's biggest trial. demonstrations against the
investigation have taken place across spain and elsewhere. "anyone who goes against the dictatorship deserves my respect." tens of thousands died during the spanish civil war and the years of repression that followed. many of them are buried in unmarked graves. many believe that the discomfort is in turning the spotlight on secrets buried too deep in the past of spain. >> this is "gmt." the main headlines -- the chief executive of the investment bank, goldman sachs, will appear before a senate committee in washington to answer questions about his company's role during the financial crisis.
manuel noriega has been extradited from the united states to france after accusations that he brought he -- he bought property there with drug money. seven weeks after going to the polls, iraq remains in political deadlock. according to last month's preliminary results, the iraqi coalition won 91 seats in the country's new 325 seat parliament. compared with 89 for the current prime minister's coalition. they disqualified one successful candidate and 51 of the looters -- losers. meaning that they will be carving up the districts. the court is also considering whether to bar a more winning
candidates. a ruling is expected on tuesday. hamid is an iraqi journalist and writer and joins me in the studio. i gave a brief idea of that arithmetic, but what is the effect of this this qualification in the winning candidate and possibly seven to come? >> the he is a member of the iraqi coalition, that is one seat taken away. although the law says that he can be replaced. but disqualifying 52 people means that all of the votes that were cast for those people will be discounted as well. meaning that they will have to recalculate what they call the electoral common denominator.
which could mean that many people might go home. >> in layman's terms, this disqualification could mean a different result? that is the important thing? >> indeed. different results and many people in iraq and certainly the iraqi coalition believes that the causes are not independent and that there are more political motives behind these moves. the justice commission is accused of being used to disqualify people and to ban people from standing for elections. >> when they say that they will appeal this, you are saying that the organization that they have to appeal to, your accusation is that that is also political ? >> and many people in iraq
believe that the courts are not independent. there is a lot of pressure used against them. remember, an appeals court decided to allow some people that were banned by the justice and the commission at the beginning. >> very quickly, the thing about the elections is that this involves america as well. everyone was looking for these elections to bring some kind of political stability so that the americans to pull up combat troops. this has done the reverse? >> indeed. iraq is an unstable country now. the current government does not accept the election results. they want to stay in power. for them democracy is a vehicle to get into power and stay there. >> what do you make of amnesty international saying that this political uncertainty
contributed to the extra violence in the country? is there a link? >> absolutely. the instability and ambiguity has encouraged many lawbreakers to take the law into their own hands. there have been attacks on christians, on women. on many vulnerable groups in iraq. there have also been arbitrary arrests by government. torture in prisons that was discovered last week. there was a secret prison in baghdad. the defense minister says it is not secret, the prime minister says he knows nothing about it. >> we will have to leave it there. thank you. the polls open here in the u.k. in nine days' time. gordon brown has said that it is
time to focus on policy again instead of trying to guess results. our political editor has spent time on the campaign trail with mr. brown and has sent this report. >> if he is nervous, he is not showing it. gordon brown says that this is the day of the election when policy takes the stage. everything else, he told reporters, was a rumor, speculation, innuendo and gossip. hundreds of miles from westminster the prime minister told me that he got no time for the talk about a hung parliament and what might follow. >> do not take the people of this country for granted. do not be arrogant enough to assume that you can start talking about after an election. >> the hon. gordon brown. >> he said that the people
should decide on issues like health. he told the royal college of nursing that his passion was their compassion. >> we feel as though we have been in the presence of angels dressed in nurses' uniforms, performing the most amazing works of mercy and care. >> that kind of rhetoric won him a standing ovation. what did he say to the rcn about tighter budgets leading to job cuts? >> we think that there's a big scope across the greater efficiency. so of them are more efficient than others. as far as the nurses and front- line staff are concerned, the entire policy is to give people personal guarantees.
>> can you really guarantee no job cuts? it seems they are saying that there will be. >> we do not think that their jobs will go at all. >> foreground is in the fight of his life, but he and his wife insisted is for a big and important cause. >> it feels like a fight but the kind of fight the people want to see. it is not just at the meetings, it is as we walked through the train stations and down the streets. it feels like a fight where people are joining us. >> polls say that labor is on track to come in third but that in 10 days gordon brown will be looking for a new job. of course, he has proved as all long before. >> for a detailed analysis of the election issues, go to our
website periods bbc.com/news -- website. bbc.com/news. to contribute your comments on the election, go to our facebook page. captive chimpanzees have been filmed caring for a dying number of their group. the footage was taken at a safari park in scotland. scientists say that dignity in death may be as important to chimpanzees as it is to humans. >> chimpanzees are our oldest evolutionary relatives. this group has no idea how remarkable they are. the oldest female was becoming week. she had been given pain killers. instead of taking her away from the others to die, they left her
with them. >> purely by chance we set up a camera from a previous study, it was left from one year before and all we had to do was turn it on. the experience itself was actually incredible. >> they were astonished at what they sought. the rest of the chimps comforted her and groom her as she grew weaker. the females and over as if they were looking for any sign of life. after she died they seemed subdued and distressed for weeks. quite by chance this group has convinced researchers that chimpanzees are even more like humans than we might think. >> that is just about it for this edition of "gmt." plenty more to come. stay with us here on "bbc world news."
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